You have more control and access, and it gives you the opportunity to see all of the potential and actual issues from the inside-out.I'm glad you're excited to be here and I hope you retain your excitement and stick around for a while.BTW - Where in NH are you living?

Granted you would likely lose ownership of the LLC so you would lose all the assets.If the LLC was sued and many of your assets were not owned by the LLC then you might continue to retain the assets outside the LLC.The idea is the LLC is not you and you are not the LLC.

But, if total returns are 17% and the investor needs 15%, then your cut by default is 2% and you have your equity split (15:2)Keep in mind that if you're providing property management and listing services, that you should list those services on your financial forecasts at market value -- if that's money coming to you, then it's part of your personal return on the investment.You may wish to establish an LLC where you are a GENERAL partner and the investor is a LIMITED partner - you would retain all voting rights except for special circumstances like when to sell, or to dissolve the company.

Rochester/Buffalo seems like an area of the US that has quite a bit of affordable selling prices, but still retaining a rent that is fairly high.

Most lenders retain the right to pull the LOC for many specific reasons or just because they feel like it.

Do that kind of thing enough and the IRS will consider you a "dealer" and the lots as inventory held for sale.Depending on how "remote" this whole thing is you might be better off making part of the 700' an access road, thereby retaining enough frontage for 3 main road lots, but giving you a lot more lots by making them smaller than 13 acres each, with only a 230 yard frontage.By the way, have you ever subdivided and/or developed lots before?

After the 24 months I secured financing and purchased.I retained all of the accrued appreciation during the 2 year rental period, plus all of the accrued rent credits.

Improperly retaining deposits is dealt with harshly in many locales, often with double or triple damages.Jon

Also, when buying an existing business, it should be an “Asset” purchase, not asset and liabilities… Ask an attorney for help here… You are simply buying the "stuff" the company owns… Then you form a new entity (Corp, LLC etc) and name it very similar to the old name, so you can retain the customer base.

I have made contact with the HOA president, Property Management Company, and was finally forwarded to the attorney the HOA has retained to deal with the situation.